akvola Technologies (“Company”), a water technology company providing solutions for the removal of oils and suspended solids from hard-to-treat industrial effluents, has announced recently that it has won CBC Group –a Japanese technology trading company with a global presence– as a strategic partner and shareholder. This will allow the Company to accelerate the commercialization of its akvoFloat water treatment systems in the Asian market, where CBC Group has a strong sales organization.
In addition to the equity investment, the Company will also enter into a Sales Partnership Agreement with CBC, which gives CBC preferential and early access to the akvoFloat technology and at the same time, provides akvola Technologies access to CBC’s global sales network and large customer base in the Company’s target markets.
“We consider CBC to be a strong international business partner, as we seek to expand the sales revenue growth of our akvoFloat systems,” stated akvola Technologies CEO Matan Beery. “As environmental regulations get stricter and water reuse gains traction, industrial facilities in the Asian and Middle Eastern regions are adopting energy-efficient technologies that enable them to meet their compliance requirements cost-effectively. In this scenario the strategic fit between CBC and akvoFloat is perfect.”
“We are excited about the opportunities that this investment will bring to CBC Group. As a customer centric technology trading company we are always looking for innovative products that enable us to create value for our current customer base and develop new markets”, stated CBC Europe’s CEO Frank Höfer, “akvola Technologies has proven its expertise on treating complex industrial wastewater with customers like ThyssenKrupp, Total and Siemens, so we are confident that the addition of akvoFloat to our product portfolio will be a major success. Additionally, in CBC Group we are driving the strategic change from hardware to customer solutions and this investment is a key step for us in the Asian region as well as in Europe.”
Retrieved from Water Online